Category: This Month in Coal

NRP, Foresight Resolve Legal Dispute

Natural Resource Partners and Foresight Energy recently settled litigations regarding Foresight Energy’s Hillsboro Energy Deer Run mine and Foresight Energy’s Macoupin Energy Shay mine. Upon execution of final documents, NRP...

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Westmoreland Files for Bankruptcy

During early October, Westmoreland Coal Co. entered into a restructuring support agreement (RSA) with members of an ad hoc group creditors. To implement the RSA, the company filed voluntary petitions for relief under chapter 11...

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Peabody Will Acquire Shoal Creek Mine

Peabody Energy has signed a definitive agreement to purchase the Shoal Creek metallurgical coal mine located on the Black Warrior River in Alabama from private coal producer Drummond Co. Inc. for $400 million. Shoal Creek serves...

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Bowie Changes Name to Wolverine, Moves to Utah

U.S. bituminous coal operator Bowie Resource Partners moved its corporate headquarters from Grand Junction, Colorado, to Sandy, Utah, and has changed its name to Wolverine Fuels LLC. Wolverine will continue to operate the Sufco,...

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Coronado Launches Large Coal IPO

U.S.-based Coronado Global Resources launched what is set to be Australia’s biggest coal mining float in six years with an initial public offering (IPO) that seeks to raise $946 million and capitalize on Asian demand for...

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South32 Acquires 50% of Eagle Downs

South32 Ltd. has completed the acquisition of a 50% interest in the Eagle Downs metallurgical coal project in Queensland’s Bowen Basin. South32 also assumes operatorship with the other 50% interest in the project held by Aquila...

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Peabody Fights Fire at North Goonyella

Peabody has developed a multitiered plan in an effort to extinguish a fire at its North Goonyella mine in Queensland and contain the impacts. The plan was reviewed by the Queensland Mine Inspectorate and is undergoing...

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Russia to Export 200 Million MT of Coal in 2018

Russia is expected to export more than 200 million metric tons (mt) of coal in 2018, according to Xinhua. Energy Minister Alexander Novak, at a fuel and energy commission in the Kemerovo Region, said that “Russia is expected to...

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Alliance Reports Increased Coal Sales, Exports

Alliance Resource Partners said strong second-quarter coal sales volumes led total revenues higher to $516.1 million, an increase of 29.4% compared to the second quarter of 2017. Alliance is now essentially sold out for its...

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Cumberland Longwall Encounters Difficult Geology

Contura Energy revised its 2018 production outlook downward for the Cumberland longwall mine in southwestern Pennsylvania. Over the last several weeks, the mine has been experiencing unforeseen geologic conditions due to reduced...

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